Eastern Europe: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Eastern Europe

In 2022, the East European non-combined refrigerator-freezer market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption saw a pronounced curtailment. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Non-Combined Refrigerator-Freezer Production in Eastern Europe

In value terms, non-combined refrigerator-freezer production totaled $X in 2022 estimated in export price. In general, production, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports in Eastern Europe

After four years of growth, shipments abroad of household refrigerators and freezers (not combined) decreased by X% to X units in 2022. Over the period under review, exports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, non-combined refrigerator-freezer exports reduced dramatically to $X in 2022. In general, exports continue to indicate a mild setback. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Hungary (X units), Poland (X units), Bulgaria (X units) and Romania (X units) represented roughly X% of total exports in 2022. Belarus (X units) took the next position in the ranking, followed by Russia (X units). All these countries together took near X% share of total exports. The Czech Republic (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Hungary ($X) and Bulgaria ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Bulgaria, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports in Eastern Europe

In 2022, after four years of growth, there was significant decline in purchases abroad of household refrigerators and freezers (not combined), when their volume decreased by X% to X units. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then dropped dramatically in the following year.

In value terms, non-combined refrigerator-freezer imports fell significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

Russia represented the main importing country with an import of about X units, which finished at X% of total imports. Poland (X units) took the second position in the ranking, followed by the Czech Republic (X units), Slovakia (X units), Hungary (X units), Romania (X units) and Ukraine (X units). All these countries together took near X% share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Slovakia (X%), Hungary (X%), the Czech Republic (X%) and Poland (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Romania experienced a relatively flat trend pattern. By contrast, Ukraine (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.), Slovakia (X p.p.), the Czech Republic (X p.p.) and Hungary (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ukraine (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Slovakia, Hungary, Romania and Ukraine lagged somewhat behind, together comprising a further X%.

Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, standing approx. at the previous year. In general, the import price saw a perceptible contraction. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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